Asian equities were mixed but mostly lower overnight as Pakistan and Thailand outperformed and Mainland China and Singapore underperformed. US markets were closed yesterday to commemorate the passing of former president Jimmy Carter.

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

Hong Kong stocks fell, set for the biggest weekly loss in almost two months, as investors fret about the strength of China’s economic recovery amid weak consumption at home and heightened tensions in US-China trade ties.